Thursday, December 11, 2008

Mortgage Rates

This is truly an interesting time.

Never before have there been so many opportunities in the real estate market. The economic climate has kept the real estate market progressing at a slow pace. This has led to numerous price reductions and aggressive selling.

Values on the Outer Cape have adjusted on an average of 15-20% in the buyer’s favor.

Right now, mortgage interest rates can be as low as 5.1% for a 30 year fixed mortgage. These rates are incredibly low.

The combination of significantly adjusted prices with the low interest rates, make it an ideal time to buy. We are reporting this to you as it is a fact and not just a sales pitch. If you are qualified to make a purchase, it is indisputable that now is the time.

No comments: